Property in San Sebastian, Spain for Sale - A Guide for Foreigners
Located in the Basque Country of northern Spain, San Sebastián is famed for its wonderful beaches, good food, and vibrant cultural scene.
Like many parts of Spain, the property market in San Sebastián has had its ups and downs. However, it is generally a desirable place to live for Spaniards and international buyers alike, meaning steady, long-term value appreciation.
This guide will help you understand the local property landscape for making an informed investment as well as understanding the associated taxes.
Why Invest in San Sebastián Real Estate?
See below why San Sebastian is special:
Can Foreigners Buy Property in San Sebastian?
Yes, foreigners, including Brits, can buy property in San Sebastian, and there are no restrictions. Spanish property law doesn’t place any restriction on foreign ownership. For international buyers investing upwards of €500,000, residency in Spain is possible under the Spain Golden Visa program.
It’s relatively easy to buy property in San Sebastian as a Brit or any other non-EU citizen, as long as you meet the basic requirements. You don’t need special permission, but there are things you can do that make it easier:
Open a Spanish bank account to handle property transactions and expenses.
Obtain a Número de Identificación de Extranjero, or NIE, with which any legal and financial activity can be performed within Spain.
Deal with a locally-based lawyer with expertise in Spanish property law for a smooth transaction, which also will protect the client’s interest.
Bear in mind that foreign buyers have to put up higher mortgage deposits than residents of Spain.
Finding a House in San Sebastian
San Sebastian offers everything from historical apartments to modern houses and villas that could suit almost each taste and budget. The rule is that properties right in the city’s centre, especially around La Concha Beach and the Old Town or Parte Vieja, are more expensive due to the location. Look for Gros or Amara neighborhoods for more budget-friendly options.
Access reliable job boards that deal exclusively with the Spanish market to get started:
While these websites can be very useful guides, a visit to San Sebastian and a viewing of the potential properties are highly advisable.
